Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 Revenue ($420.009) Expenses: Wages and salaries ($12,000 + $128.009) Supplies ($5.009) Equipment rental ($2,300+ $25.009) Insurance ($4,200) Miscellaneous ($520 + $1.469) Total expense Net operating income $ 105,000 44,000 1,250 8,550 4,200 885 58,885 $ 46,115 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 Revenue ($420.009) Expenses: Wages and salaries ($12,000 + $128.009) Supplies ($5.009) Equipment rental ($2,300+ $25.009) Insurance ($4,200) Miscellaneous ($520 + $1.469) Total expense Net operating income $ 105,000 44,000 1,250 8,550 4,200 885 58,885 $ 46,115 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 1PB
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